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| EUR/USD Daily Forecast
Mon, August 04 2014 | Dear Fellow Trader,
Setyo Wibowo here with the latest daily forex update from the FX Instructor Forex Blog.
If you have any questions about today's update - please reply to this email and I will be happy to help. Enjoy!
| The EURUSD was indecisive last week. Price attempted to push lower, bottomed at 1.3365 but closed higher at 1.3426. The bias is neutral in nearest term but as long as stays inside the bearish channel I still prefer a bearish scenario at this phase. Immediate resistance is seen around 1.3440 followed by 1.3480. On the downside, a clear break and consistent movement back below 1.3400 could trigger further bearish pressure testing 1.3365 - 1.3300. Please click here to see the chart. |
| | I hope you enjoyed today's forex update! If you have any questions or suggestions, reply to this email - or visit me at the FX Instructor Blog.
Happy Trading! | | | | | | | |